American Express Posts Higher 3Q Revenue, Boosted by Travel Spending

By Will Feuer American Express Co. posted higher revenue in the third quarter as card-member spending held up, driven by a surge in travel spending despite macroeconomic concerns. The New York City-based credit-card company logged net income of $1.88 billion, or $2.47 a share, up from $1.83 billion, or $2.27 a share, a year earlier. …

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